Exhibit 10-4
-The graph in Exhibit 10-4,when aggregate supply is AS,the equilibrium output and price level will be Y₂ and P₂.

Name: Exhibit 10-4 -The graph in Exhibit 10-4,when aggregate supply is AS,the equilibrium output and price level will be Y 2 and P 2 .
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Question

Exhibit 10-4 -The graph in Exhibit 10-4,when aggregate supply is AS,the equilibrium output and price level will be Y₂ and P₂.

Quizplus · Accepted Answer

The equilibrium output and price level depend on the intersection of aggregate supply (AS) and aggregate demand (AD) curves, which is not specified in the statement.

Exhibit 10-4 -The Graph in Exhibit 10-4,when Aggregate Supply Is AS,the Equilibrium